Nasdaq is set to surpass the New York Stock Exchange in money raised in initial public offerings for only the second time since the dot-com bubble burst. The tech-focused stock exchange, which hosted companies such as Lyft, Peloton and SmileDirectClub this year, has raised $32 billion in 153 IPOs so far this year, according to the Financial Times. That’s on pace to best its rival, which has...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
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